Analysis

Bullish Moves in Wolfspeed Options: A Look at Recent Trading Activity

Published December 31, 2024

Investors with substantial resources, often referred to as "whales," are demonstrating a strong bullish outlook on Wolfspeed (NYSE: WOLF). Recent analysis of the options trading history for Wolfspeed shows a total of 13 notable trades.

Upon examining these trades closely, it is found that 38% of investors are engaging in transactions with optimistic expectations, while 30% are taking a bearish approach. Breaking it down further, among the trades flagged, there were 8 put options valued at $351,665 and 5 call options with a combined total of $239,140.

Projected Price Targets

Considering both the volume and open interest of these options, it seems that large investors are aiming for a price target range between $5.00 and $32.00 for Wolfspeed over the past three months. This indicates varying levels of optimism among traders.

Insights into Volume & Open Interest

The present trading environment reflects an average open interest of about 1,955.18 for Wolfspeed options and a total volume hitting 2,495.00. A chart tracking the volume and open interest of both call and put options for significant trades in Wolfspeed is available, highlighting movements within the strike price range from $5.00 to $32.00 over the last 30 days.

Wolfspeed Call and Put Volume: 30-Day Overview

Recent activity within the past month shows various trading patterns that could indicate sentiment shifts among traders.

Largest Options Trades Observed:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
WOLF PUT SWEEP BEARISH 12/19/25 $25.6 $25.0 $25.28 $32.00 $153.7K 462 60
WOLF CALL TRADE NEUTRAL 04/17/25 $1.1 $1.0 $1.05 $10.00 $104.7K 1.5K 1.0K
WOLF CALL SWEEP BULLISH 04/17/25 $1.45 $1.35 $1.45 $8.00 $42.0K 927 290
WOLF CALL SWEEP BULLISH 10/17/25 $3.5 $3.4 $3.4 $5.00 $34.8K 37 100
WOLF PUT SWEEP BEARISH 01/17/25 $10.9 $10.7 $10.85 $17.50 $32.5K 2.8K 30

About Wolfspeed

Wolfspeed Inc is primarily engaged in the production of wide bandgap semiconductors, specializing in silicon carbide and gallium nitride materials and devices. Their technology has applications in various sectors, including transportation, power supplies, inverters, and wireless systems. The company generates most of its revenue from Europe, with additional sources from regions such as the United States, China, Hong Kong, and Asia Pacific.

Given its recent trading patterns, it is essential to assess Wolfspeed's current performance and market position.

Present Market Standing of Wolfspeed

  • Wolfspeed stock is currently trading at $6.54, reflecting a decrease of 3.11% with a trading volume of 8,485,742 shares.
  • The relative strength index (RSI) suggests that the stock may be oversold at this time.
  • Upcoming earnings reports are scheduled to be released in about 29 days.

Investing can yield high returns, but it involves risks, especially with options trading. It is advisable for traders to stay informed, manage their risks through education, and monitor market conditions closely.

If you're interested in tracking the latest options trades for Wolfspeed, consider utilizing platforms that provide real-time updates and alerts for options trading.

Wolfspeed, Options, Trading